2. Group
  3. Compliance & Risk Management
  4. Risk Management System and Internal Control System

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Risk Management System and Internal Control System

The Volkswagen Group’s responsible approach to dealing with risks is supported by a comprehensive Risk Management System and Internal Control System (RMS/ICS). The organisational structure of Volkswagen Group’s RMS/ICS is based on the internationally recognised COSO Enterprise Risk Management Framework standard (COSO: Committee of Sponsoring Organizations of the Treadway Commission). Standardised Group-wide policies form the basis for a transparent and adequate approach to handling risks. This includes

  • Promoting an open risk culture
  • Aligning the RMS/ICS with corporate goals
  • Balancing risks and opportunities in order to make the most of opportunities involving manageable and controllable risks
  • Complying with rules and regulations
  • Ensuring the suitability of the RMS/ICS in terms of the type, scope, complexity and level of risk in the actual business activity and environment
  • Regularly examining the RMS/ICS for effectiveness and efficiency


The Group’s Risk Management and Internal Control System is based on three pillars: In addition to the annual regular Governance, Risk & Compliance (GRC) process, with its focus on systemic risks, and the risk quarterly process, which concentrates on acute risks, we are introducing operative risk management in the individual divisions.

May also be of interest

You can also find content on the topic of Risk Management in the following publications of the Volkswagen Group.

Risk Management in the Annual Report 2017

Risk Management in the Sustainability Report 2017